Month: October 2014

Mergers & Acquisitions

Bayer closes acquisition of consumer care business of Merck & Co., Inc. for USD 14.2 billion

October 1, 2014 0

Bayer closes acquisition of consumer care business of Merck & Co., Inc. for USD 14.2 billion Canada NewsWire TORONTO, Oct. 1, 2014 Bayer becomes the OTC leader in North and Latin America and achieves top global positions in key OTC categories Erica Mann heads Bayer’s new consumer care business globally Course set for successful integration Strategic pharma collaboration between Bayer und Merck & Co., Inc. […]

Downgrades

PARK NATIONAL (PRK) Downgraded by Zacks to NEUTRAL

October 1, 2014 0

Zacks Investment Research downgraded shares of PARK NATIONAL (PRK) from OUTPERFORM to NEUTRAL on October 01, 2014, with a target price of $86.70. Park National Corporation is the bank holding company for The Park National Bank, The Richland Trust Company, Century National Bank, The First-Knox National Bank of Mount Vernon, United Bank, N.A., Second National Bank, The Security National Bank and Trust Company and The Citizens National Bank of Urbana. […]

Downgrades

AXT INC (AXTI) Downgraded by Zacks to NEUTRAL

October 1, 2014 0

Zacks Investment Research downgraded shares of AXT INC (AXTI) from OUTPERFORM to NEUTRAL on October 01, 2014, with a target price of $3.00. AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day […]

Upgrades

PBF LOGISTICS (PBFX) Upgraded by Zacks to OUTPERFORM

October 1, 2014 0

Zacks Investment Research upgraded shares of PBF LOGISTICS (PBFX) from NEUTRAL to OUTPERFORM on October 01, 2014, with a target price of $30.10. PBF Logistics LP engages in owning, leasing, operating, developing and acquiring crude oil and refined petroleum products terminals, pipelines, storage facilities and similar logistics assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. […]

Upgrades

BASIC EGY SVCS (BAS) Upgraded by Zacks to OUTPERFORM

October 1, 2014 0

Zacks Investment Research upgraded shares of BASIC EGY SVCS (BAS) from NEUTRAL to OUTPERFORM on October 01, 2014, with a target price of $24.30. Basic Energy Services provides a range of services to America's oil and gas producers. Its operations span the heartland of domestic onshore production from Texas, Oklahoma, Louisiana and New Mexico to the Rocky Mountain states […]

Upgrades

COWEN GROUP INC (COWN) Upgraded by Zacks to OUTPERFORM

October 1, 2014 0

Zacks Investment Research upgraded shares of COWEN GROUP INC (COWN) from NEUTRAL to OUTPERFORM on October 01, 2014, with a target price of $4.50. COWEN GROUP, INC., through its operating subsidiaries, provides investment banking, equity research, sales and trading, asset management and alternative asset management services to companies and institutional investor clients in the healthcare, technology, telecommunications, aerospace and defense, consumer and alternative energy sectors. […]

Upgrades

OPKO HEALTH INC (OPK) Upgraded by Zacks to OUTPERFORM

October 1, 2014 0

Zacks Investment Research upgraded shares of OPKO HEALTH INC (OPK) from NEUTRAL to OUTPERFORM on October 01, 2014, with a target price of $10.20. eXegenics Inc. is biopharmaceutical company specializing in the development of therapeutic and diagnostic products for human diseases with an emphasis on the treatment and prevention of cancer and infectious diseases […]

Stock Analysts

Can FSC Certified Paper Revive Domtar’s Sagging Shares?

October 1, 2014 0

Reinforcing its unrelenting commitment for a cleaner environment and conformity to sustainable practices, leading paper products manufacturer Domtar Corporation ( UFS ) recently achieved a unique milestone in the industry by selling 5 million tons of Forest Stewardship Council (FSC) certified uncoated fine paper in North America. Despite this first-of-its-kind feat, Domtar’s share prices have gone downhill since March-end this year. We remain inquisitive to see if the FSC certified paper will be able to breathe a fresh lease of life into the beleaguered company’s share prices. […]

Stock Analysts

Northern Trust Offers Improved IAS19 Solution to Clients

October 1, 2014 0

Northern Trust Corporation ( NTRS ) revealed an enhanced reporting solution for the pension fund clients to fulfil the International Accounting Standard 19 (IAS19) requirements as stated under the International Financial Reporting Standards (IFRS). IAS19 Requirements IAS19 outlines the accounting requirements concerning employee benefits under the IFRS rules including wages and salaries, pensions, life insurance and other perquisites. […]

Mergers & Acquisitions

Realogy Continues Strategic Growth In Pennsylvania With Real Estate Brokerage And Title Company Acquisitions

October 1, 2014 0

Realogy Continues Strategic Growth In Pennsylvania With Real Estate Brokerage And Title Company Acquisitions Company-Owned Brokerage, NRT, Acquires Realty Select, Inc. in Central Pennsylvania Creating Combined Coldwell Banker Operation with over $1.1 Billion in Home Sales Volume Company’s Title Resource Group Announces Agreement to Acquire Guardian Transfer PR Newswire MADISON, N.J., Oct. 1, 2014 MADISON, N.J […]

Stock Analysts

ADT to Explore Commercial Security as Non-Compete Expires

October 1, 2014 0

The ADT Corporation ( ADT ), a leading player in the residential and small business security market, is set to explore new horizons as it seeks to establish a foothold in the commercial market. To date, a non-compete agreement with Tyco International Ltd. ( TYC ) has restricted ADT’s operations into the commercial security market […]